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NKE

Nike

$88.05

1.3597 (1.57%)

06:34
03/22/19
03/22
06:34
03/22/19
06:34

Nike earnings selloff a buying opportunity, says JPMorgan

JPMorgan analyst Matthew Boss views the post-earnings pullback today in shares of Nike as a buying opportunity. The 11% constant currency revenue growth in fiscal Q3 exceeded expectations and Nike posted its fourth consecutive double-digit gross profit dollar growth, Boss tells investors in a research note. Further, he points out management provided initial fiscal 2020 guidance calling for high-single-digit revenue growth and for "gross margin expansion and profitability in line with the long-term financial model." Boss keeps an Overweight rating on Nike shares.

  • 04

    Apr

  • 04

    Apr

NKE Nike
$88.05

1.3597 (1.57%)

03/18/19
NEED
03/18/19
NO CHANGE
Target $92
NEED
Buy
Nike price target raised to $92 from $85 at Needham
Needham analyst Rick Patel raised his price target on Nike to $92 and kept his Buy rating, citing the findings of his Pricing Playbook analyzing data on the company's 7K products weekly. The analyst says the survey suggests a "strong increase" in average selling prices and fewer discounts in men's footwear, along with strength in men's apparel category driven by "higher initial prices points and a lower discount offered on sale items". Patel views the data as indicative that Nike's Q3 results expected to be out next week will reflect its "healthy business".
03/19/19
JPMS
03/19/19
NO CHANGE
Target $90
JPMS
Overweight
Nike price target raised to $90 from $85 at JPMorgan
JPMorgan analyst Matthew Boss raised his price target for Nike to $90 from $85 ahead of the Thursday's fiscal Q3 results. The analyst's fieldwork in Q3 points to top- and bottom-line momentum. He boosted his Q3 earnings per share estimate to 64c and keeps an Overweight rating on Nike.
03/22/19
NOMU
03/22/19
NO CHANGE
Target $91
NOMU
Buy
Nike price target raised to $91 from $85 at Nomura Instinet
Nomura Instinet analyst Simeon Siegel raised his price target for Nike to $91 from $85 following last night's results. Although fiscal Q3 beat expectations, the shares slipped following a recent rally given a North America Apparel miss, Siegel tells investors in a post-earnings research note titled "Bracket Buster: NA Fails to WOW Post Run." However, the analyst says that in this environment, Nike is "showing its stripes, standing as the clear outlier to the recurring revenue ceiling that dominates all brands." He reiterates a Buy rating on the shares.
03/22/19
PIPR
03/22/19
NO CHANGE
Target $93
PIPR
Overweight
Nike investments paying off but 'keeping a lid' on earnings, says Piper Jaffray
Piper Jaffray analyst Erinn Murphy views Nike's fiscal Q3 results as "strong" and reiterates an Overweight rating on the shares. She boosted her price target for the stock to $93 from $92. The call highlighted strong evidence of market share and category momentum in addition to opportunity for improving returns as digital contribution accelerates, Murphy tells investors in a research note. She believes Nike's investments are paying off in sales and gross margin but are "keeping a lid" on earnings.

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ABMD

Abiomed

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MU

Micron

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CRUS

Cirrus Logic

$54.36

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TXN

Texas Instruments

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NFLX

Netflix

$270.66

-15.92 (-5.56%)

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$107.98

-25.735 (-19.25%)

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BAC

Bank of America

$29.57

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AAPL

Apple

$217.69

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SABR

Sabre

$23.11

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DG

Dollar General

$156.29

-0.66 (-0.42%)

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CLF

Cleveland-Cliffs

$7.73

-0.235 (-2.95%)

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INPX

Inpixon

$0.13

0.0013 (0.98%)

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CGNX

Cognex

$48.20

-2.28 (-4.52%)

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AA

Alcoa

$21.70

-0.26 (-1.18%)

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$21.70

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X

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CMC

Commercial Metals

$17.94

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NUE

Nucor

$52.62

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STLD

Steel Dynamics

$30.38

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STZHF

Stelco Holdings

$0.00

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ABEO

Abeona Therapeutics

$3.26

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FNB

F.N.B.

$11.38

-0.045 (-0.39%)

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  • 13

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AAPL

Apple

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BYND

Beyond Meat

$155.23

0.19 (0.12%)

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$4.37

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QSR

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Coty

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NOK

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IMMU

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NTGR

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LB

L Brands

$18.85

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MU

Micron

$49.17

-0.65 (-1.30%)

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